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Osman
This is 33-year-old Osman. He is married and has four children aged one, six, nine and thirteen years. In 2006, Osman established his electronics business selling such items as radios, tapes, watches, memory sticks, and electric lights. He began his business because after the rebel war, things were so difficult for his family; they lost everything. He stayed in his village doing petty trade from one village to another until he saved enough to be able to relocate to Makeni Town. He started dealing on watches, and over some years his business improved gradually. Working seven days a week and ten hours a day, he earns about Le 863,700 every month from this business.

He would like a loan in the amount of Le 4,000,000. Osman has already received and successfully repaid two loans. He now requires a new loan in order to purchase tapes (50 pieces at Le 40,000); radios with memory cards (10 pieces at Le 50,000); electronic lanterns (one dozen for Le 500,000) and watches (100 pieces at Le 10,000).

In the future, Osman plans to open a shop and build a house. The loan will help because it is a means of generating income. Competition is one tough issue, but he purchases a quality and quantity of goods that give him the lead in the market. He is hardworking and competitive. Having good capital will boost his business, and continued access to loans will enable him to achieve his goals. He thanks you for your support.

Additional Information

About the Association or Rural Development

The Association for Rural Development (ARD) is one of the leading microfinance institutions in Sierra Leone. Established in 1989, ARD has offered individual and group loans to support small-scale businesses across the country for two decades. You can learn more about ARD on its partner profile page, support the organization and its staff by joining the ARD lending team, or lend to another one of its borrowers currently raising funds on Kiva.

About Sierra Leone

  • $903
    Average annual income
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,194,175
    Funds lent in using Kiva
  • 4,354.3
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Osman to purchase tapes (50 pieces at Le 40,000); radios with memory cards (10 pieces at Le 50,000); electronic lanterns (one dozen for Le 500,000) and watches (100 pieces at Le 10,000).
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013